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Consider an 9% coupon bond with 15 years and 4 months to maturity. The face value is $100 and coupons are paid semiannually. The yield

Consider an 9% coupon bond with 15 years and 4 months to maturity. The face value is $100 and coupons are paid semiannually. The yield is 6% per annum with semiannual compounding. What is the conversion factor?

a. 0.9583 b. 1.0369 c. 1.1467 d. 1.2969

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